This course covers the estimation and application of survival models in actuarial modelling. Topics include: actuarial notation and applications of survival models; state Markov models; binomial and Poison models for mortality; maximum likelihood estimation; construction of multiple decrement tables; models with transition intensities depending on age and duration; the census approximation and formulae; statistical comparison of crude rates with standard actuarial tables; graduation of estimates and tests of fidelity and smoothness, analysis of mortality/morbidity and the main forms of selection; models for projection of populations. The analysis of data using a numerical computer package such as Matlab will form part of the course assessment.

Enrolment requires school approval.